Icahn Enterprises L.P. (NASDAQ:IEP) is expected to pay $1.50 on Dec 19, 2016. The indicated annual dividend is $6.00. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Icahn Enterprises L.P.’s current price of $47.88, the dividend is 3.13%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 3, 2016. The stock increased 0.25% or $0.12 on October 31, hitting $47.88. Icahn Enterprises LP (NASDAQ:IEP) has declined 21.13% since April 5, 2016 and is downtrending. It has underperformed by 23.09% the S&P500.
Icahn Enterprises L.P. is a diversified holding company. The company has a market cap of $6.74 billion. The Company’s operating divisions include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. It currently has negative earnings. The Company’s Investment segment comprises various private investment funds.
Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.38, from 1.24 in 2016Q1. The ratio worsened, as 10 funds sold all Icahn Enterprises LP shares owned while 26 reduced positions. 8 funds bought stakes while 23 increased positions. They now own 133.62 million shares or 4.63% more from 127.71 million shares in 2016Q1.
Moreover, Fishman Jay A Ltd Mi has 0% invested in Icahn Enterprises LP (NASDAQ:IEP) for 168,842 shares. Commonwealth Equity Service owns 19,058 shares or 0.01% of their US portfolio. Moreover, Goldman Sachs Group has 0% invested in Icahn Enterprises LP (NASDAQ:IEP) for 3,974 shares. Us Comml Bank De has 1,127 shares for 0% of their US portfolio. Veritable L P, a Pennsylvania-based fund reported 6,212 shares. Diligent Limited Liability Corporation has invested 0.52% of its portfolio in Icahn Enterprises LP (NASDAQ:IEP). Alexandria Ltd Liability Company last reported 0% of its portfolio in the stock. Citigroup Inc last reported 5.27M shares in the company. The Pennsylvania-based Pnc Fincl Grp Incorporated Inc has invested 0% in Icahn Enterprises LP (NASDAQ:IEP). Farmers And Merchants has 152 shares for 0% of their US portfolio. Focused Wealth Mgmt, a New York-based fund reported 100 shares. Susquehanna Int Llp holds 0% of its portfolio in Icahn Enterprises LP (NASDAQ:IEP) for 93,574 shares. The New York-based Renaissance Limited Liability has invested 0% in Icahn Enterprises LP (NASDAQ:IEP). Plante Moran Fincl Advsrs Ltd Liability Com accumulated 0% or 101 shares. Hsbc Public Limited Liability Corp has 0% invested in the company for 13,915 shares.
Icahn Enterprises LP (NASDAQ:IEP) Ratings Coverage
Out of 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Icahn Enterprises LP has been the topic of 2 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by UBS on Thursday, August 18 to “Sell”.
More notable recent Icahn Enterprises LP (NASDAQ:IEP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Evertec, Icahn Enterprises and Harman International …” on November 07, 2016, also Prnewswire.com with their article: “Icahn Enterprises L.P. Announces Commencement Of Tender Offer For All …” published on September 26, 2016, Bloomberg.com published: “Icahn Enterprises May Be Cut to Junk by S&P on Portfolio Drop” on February 19, 2016. More interesting news about Icahn Enterprises LP (NASDAQ:IEP) were released by: Streetinsider.com and their article: “UPDATE: S&P Cuts Icahn Enterprises L.P. (IEP) to Junk” published on May 17, 2016 as well as Streetinsider.com‘s news article titled: “Icahn Enterprises L.P. (IEP) Announces Completion of Pep Boys (PBY) Acquisition” with publication date: February 04, 2016.
IEP Company Profile
Icahn Enterprises L.P. (Icahn Enterprises), incorporated on February 17, 1987, is a diversified holding company. The Company’s operating divisions include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Firm owns a limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings). All of the Company’s assets and liabilities are owned through Icahn Enterprises Holdings and all of its activities are conducted through Icahn Enterprises Holdings and its subsidiaries.
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